News

Weekly Leading Index Unchanged

A weekly gauge of future U.S. economic growth was unchanged in the latest period... a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index held at 136.4 in the week ended Oct. 20. The same number stands for the prior week and was downwardly revised.

"While WLI growth has revived a bit from its August low it remains anemic, suggesting that U.S. economic growth will stay relatively modest in the coming months," said Melinda Hubman, a research associate at ECRI.